DInflation is falling – finally. In October, prices in Germany rose by only 3.8 percent. This is a far cry from 10 percent in October 2022. However, drivers’ joy is limited. Because car insurance prices are rising more than they have in decades.
“We are seeing price increases on a historical scale,” says Wolfgang Schütz, managing director of comparison portal Verivox. According to the portal’s estimates, previous statements from insurers for 2024 show: liability insurance with partial comprehensive insurance will be on average 12 percent more expensive, with full comprehensive insurance even 14 percent for average tariffs and 16 percent. for inexpensive ones.
Source: Frantfurter Allgemeine
I work as an author at the World Herald News, a news website that also covers the economy. I have been writing about economic topics for over six years and have written extensively on topics such as unemployment, housing prices, and the stock market. My goal is to provide readers with expert insight into these important issues so they can make informed decisions.
